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Becoming a Tax Agent in Australia is a relatively straight forward process in order to meet the requirements of the Tax Practitioners Board Tax Agent specifications. Applied Education’s 3 steps to becoming a Tax Agent in Australia Applied Education has hundreds of students each year asking us this question and here are our tips for […]
Read MoreThe Tax Summary is a publication produced by Tax & Super Australia and has been a stalwart in the taxation industry for close to a century. This guide to the Australian taxation system is written in an easy-to-understand manner, and explains the many complexities of the system without getting bogged down in taxation jargon. The […]
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Great news and well overdue for small business. A new simpler BAS is available with just 3 fields – 1A GST Collected, 1B GST Paid and G1 Total Sales. Then new BAS has only: GST on sales (1A) GST on purchases (1B) Total sales (G1)
Read MoreThe Tax Practitioners Board (TPB) has released a practice note to provide practical guidance and assistance to registered tax practitioners in understanding their obligations under the Code of Professional Conduct in relation to the use of cloud computing. The practice note covers the following key areas; definition of cloud computing general considerations code obligations privacy […]
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A recent court case saw $143,000 in penalties handed down to the operator of two food outlets in Brisbane. The company, its director, and the company’s former payroll manager all received fines after underpaying two workers and ignoring previous warnings to rectify the issue. The Fair Work Ombudsman launched legal action against the company following […]
Read MoreAn article published by Accountants Daily has highlighted that a number of specific accounting skills will be in demand in 2017. These include: Financial modelling Commercial analysis – VBA programming Payroll Financial reporting with IFRS reporting knowledge Cost accounting Overarching these skills, employers are looking for candidates with good communication skills. 2017 is looking like […]
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